RiskReversal Recap: February 7, 2024

S&P to 5,000; Time to sell $NVDA?; Cracks in consumer show

Today’s MRKT Call is Presented by SoFi

S&P 500 Inches Closer to 5,000

Dan Nathan, Guy Adami and Liz Young break down the top market headlines and bring you stock market trade ideas for Wednesday, February 7th

Click here to access all of the charts mentioned in today’s MRKT Call.

what we’re watching

Topic Timecodes:
SPX to 5k? (0:00); Yields & Banks (7:00); Private Equity (16:00); Does Data Matter? (19:30); Cybersecurity & Chips (26:45); Consumer Credit (38:30); China (43:20); Viewer Q&A (48:00)

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Today’s Okay, Computer. is Presented by Current

Is It Time To 'Sell Nvidia' Stock?

Dan Nathan and Deirdre Bosa are talking about the possible return of WeWork founder Adam Neumann, DocuSign's take-private on ice and concerns around Nvidia's meteoric rise.

Topic Timecodes:
WeBack? (0:00); DocuSign (7:00); Nvidia (13:45)

WHAT WE’RE READING

  • Credit card delinquencies spike, a sign of cracks in the strong consumer (Axios)

  • Morgan Stanley hikes Nvidia price target ahead of earnings: ‘AI demand continues to surge’ (CNBC)

  • TSMC’s Monthly Sales Rise in Latest Sign of Sector Recovery (Bloomberg)

  • Traders Boost Bearish China Options Bets Even as Stocks Surged (Bloomberg)

  • Alibaba shares drop 5% after revenue miss, $25 billion boost to buyback plan (CNBC)

  • Fed Officials Signal Wariness to Cut Rates Too Soon, Despite Inflation Progress (Bloomberg)

  • ​Why Americans Are So Down on a Strong Economy (WSJ)

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